India's Hindustan Zinc gains as HSBC upgrades on metal price surge

Hindustan Zinc

19/01/2026 09:23

** India's largest silver producer Hindustan Zinc HZNC.NS stock jumps 3.8% to 662.25 rupees; last up 2.2%

** HSBC upgrades to "buy" from "hold", hikes PT to 750 rupees from 520 rupees on higher zinc, silver outlook

** Brokerage sees earnings upside from spot LME zinc, silver prices amid "stable to improving" outlook

** Three-month LME zinc up 0.1% at $3,213/ton after hitting near 3-year high of $3,312/ton last week; spot silver XAG= at record $94.08/ounce MET/L GOL/

** HZNC reports Q3 results today

** Stock rated "hold" on avg by 14 analysts; median PT is 518 rupees - data compiled by LSEG

** HZNC jumped about 40% in 2025 vs Indian metal index's NIFTYMET 29.1% rise

(Reporting by Brijesh Patel in Bengaluru)

((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))